Stockwatch

Green Battery Minerals Inc
Symbol	GEM
Shares Issued	82,753,644
Close 2023-08-28	C$ 0.055
Market Cap	C$ 4,551,450
Recent Sedar Documents

Green Battery to close financing tranche

2023-08-28 19:16 ET - News Release

Subject: gem PDF Document File: Attachment 2023August28PPClose.pdf 2200 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8 #1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6 Phone: Phone: (438) 469-0705 Phone: (604) 343-7740 Email: info@greenbatteryminerals.com Website: www.greenbatteryminerals.com August 28, 2023 TSX-V SYMBOL: GEM Green Battery Minerals Inc. - Private Placement NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. PRIVATE PLACEMENT Green Battery Minerals Inc. (the "Company") (TSX-V: GEM, FSE: BK2P, WKN: A2QENP OTC: GBMIF) announces that further to its press release wherein the Company announced it was successful and closed a 1st tranche of its flow-through financing and raised $550,000, the Company will now apply to the TSX Venture Exchange to close the following: $144,500 Cash: 2,890,000 Units at a price of $0.05, each unit consisting of one common share and one warrant exerciseable at $0.10 for three years, subject to the right to be accelerated by the Company in the event that its shares trade at or above $0.25 for a period of 10 consecutive days. In such case of accelerated warrants, the Company may give notice, in writing or by way of news release, to the holders that the warrants will expire 30 days from the date of providing such notice. Directors of the Company participated as to an aggregate of 1,190,000 Units. The participation in the private placement by the directors of the Company may be considered a "related party transaction" (the "Related Party") as defined under Multilateral Instrument 61-101 ("Ml 61-101"). The Company has determined that exemptions from the formal valuation and minority shareholder approval requirements under Ml 61-101 are available. In particular, the Company has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of Ml 61-101 are applicable since the aggregate consideration to be paid by the Related Party does not exceed 25% of the market capitalization of the Company and the Company is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (l)(a) and (b) in section 5.7 of Ml 61-101 are applicable in that the aggregate consideration to be paid by the Related Party does not exceed 25% of the market capitalization of the Company, the distribution of the securities to the Related Party has a fair market value of not more than $150,000 and the Company is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. $27,650 Flow-Through: 395,000 flow-through units at a price of $0.07, each unit consisting of one flow- through common share and one-half warrant exerciseable at $0.10 for a three-year period, subject to the right to be accelerated by the Company in the event that its shares trade at or above $0.25 for a period of 10 consecutive days. In such case of accelerated warrants, the Company may give notice, in writing or by way of news release, to the holders that the warrants will expire 30 days from the date of providing such notice. Proceeds of the private placement will be used for working capital and continued exploration on the Company's properties. The securities to be issued will contain the required four months plus one day hold period from issuance. On Behalf of the Board of Directors GREEN BATTERY MINERALS LNC. `Thomas Yingling', President, CEO & Director FOR MORE INFORMATION, PLEASE CONTACT: Investor Relations: 1-604-343-7740 info@greenbatteryminerals.com www.greenbatteryminerals.com Disclaimer for Forward-Looking Information: Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedar.com. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.